If you are an employer, having a healthy staff is good for both you and your employees. So, you might want to give your employees benefits that will help them catch any health problems early and get back to full health. Even though private health insurance is a taxable benefit (except for employees ...

If you run your business as a personal or family business, you may have to take some or all of the profits for yourself. When it comes to taxes, not all ways of making money are the same. The best way for you to take out profits will depend on your personal situation, but you […]...

There are many ways to get tax-free savings income. But not all routes are available to all taxpayers. The options depend on the type of savings, the saver’s other income, and the rate of tax at the top of the income range. Savings Allowance A savings allowance is given to both basic rate and ...

From a tax point of view, not all rentals are the same, and the rules for furnished vacation rentals are different from those for traditional buy-to-lets. Buy-to-let In a traditional buy-to-let, the same tenant or tenants live in the property for a long time. The standard length of a lease is at lea...

HMRC makes a number of toolkits that point out common mistakes that people make on their self-assessment tax returns. The capital gains tax land and buildings toolkit, as its name suggests, points out the most common mistakes that HMRC finds when it comes to capital gains tax on land and buildings. ...

In the summer, there are a lot of events, and parking is often hard to find. If you have a driveway or field that you don’t use, you could rent it out to make some money. This doesn’t have to be a tax problem. But it’s important to remember that all of the money made […]...

Like any other kind of business, a property business has costs that can’t be avoided. But, if you meet certain requirements, you can get tax relief for the costs of running a property business. Allowable expenses As a general rule, a landlord can deduct costs that are entirely and only used to...

Investors who have nothing to do with the company can get 30% of the amount they put into qualifying EIS companies back as income tax relief, up to £1 million per tax year (or up to £2 million if at least £1 million of that is put into knowledge-intensive companies). So, an investor’s incom...

HMRC has recently updated the advice they give to businesses that want to get investors to buy shares in their business. If the business is set up right and meets the requirements of the Enterprise Investment Scheme (EIS) or the Seed EIS, investors may be able to take advantage of a number of tax br...

In recent years, there have been changes to how unincorporated landlords are treated for tax purposes, especially when it comes to interest relief. This has caused more landlords to rent out their properties through a company. What do you think? We look at some of the things to think about when maki...